As Bitcoin becomes less volatile, big investors are becoming more confident to buy into the cryptocurrency. — Reuters
The recent pullback in Bitcoin’s volatility is setting the stage for a trend that could encourage institutions to dive in, according to JPMorgan Chase & Co.
"These tentative signs of Bitcoin volatility normalization are encouraging, ” strategists including Nikolaos Panigirtzoglou wrote in report emailed Thursday. "In our opinion, a potential normalization of Bitcoin volatility from here would likely help to reinvigorate the institutional interest going forward.”
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
